WestSummit Capital is one of the first China-based technology growth-stage private equity firms in the industry. The firm invests in companies that have a substantial presence in or strategic interest in China. WestSummit has offices in Hong Kong, Beijing, China and Palo Alto. The firm invests in growth-stage companies in the Software & Services, Mobile & Hardware, Consumer & New Media and Clean Technology sectors. The firm targets companies with revenue growth of >20%; Profitable or break-even within 18 months; with an investment amount of $10 million to $30 million. WestSummit announced January of 2014 that it raised $325 million in capital commitments from several large institutional investors. The funds are comprised of $225 million for WestSummit's Fund II, focused primarily on investments in North America and China; and $100 million for Summit Bridge Capital, focused mainly on investments in Europe and China, and managed in collaboration with European growth capital firm Atlantic Bridge.